Banco Bradesco (NYSE:BBDO) Stock Price Crosses Below 50 Day Moving Average of $2.55

Shares of Banco Bradesco S.A. (NYSE:BBDO) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.55 and traded as low as $2.38. Banco Bradesco shares last traded at $2.42, with a volume of 16,192 shares traded.

Banco Bradesco Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.84, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $25.79 billion, a price-to-earnings ratio of 11.52 and a beta of 1.10. The firm has a 50-day moving average price of $2.55 and a two-hundred day moving average price of $2.71.

Banco Bradesco Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.0035 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.04 annualized dividend and a dividend yield of 1.73%. Banco Bradesco’s dividend payout ratio is currently 14.29%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBDO. Jane Street Group LLC acquired a new position in Banco Bradesco during the first quarter valued at approximately $56,000. Northern Trust Corp boosted its position in Banco Bradesco by 11.8% during the second quarter. Northern Trust Corp now owns 138,498 shares of the bank’s stock valued at $378,000 after purchasing an additional 14,610 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Banco Bradesco during the third quarter valued at approximately $36,000. Citadel Advisors LLC boosted its position in Banco Bradesco by 43.4% during the third quarter. Citadel Advisors LLC now owns 17,012 shares of the bank’s stock valued at $51,000 after purchasing an additional 5,151 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Banco Bradesco by 1,852.2% during the fourth quarter. JPMorgan Chase & Co. now owns 145,481 shares of the bank’s stock valued at $375,000 after purchasing an additional 138,029 shares during the last quarter.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.